College Loans: Whom Can You Trust?
Monday, October 15th, 2007The incentive of colleges and universities to get you the best loan rate is based on what is best for them in the form of convenience and student tuition. Unless a college or university is guaranteeing you the best rate information, why would you trust them?
Any one looking for college loans should ask lots of questions and share information with other students. Make sure that each opportunity brings another option and never sign until you are really sure you have done your part. The four years you have the money and do not pay interest only builds what you have to pay.
I came across one great reason to be an “AAA” member that really saves you money.
AAA is offering its members a reduction of up to 2% on the standard Federal Plus Loan rate of 8.5% TO AS LOW AS 6.5%.
AAA is offering its members a reduction of up to 3% on the standard Federal Stafford Loan rate of 6.8% TO AS LOW AS 3.8%.
Now that is an organization making a difference. Click on www.aaa.com/studentlending or call them at 1-800-422-2536. Pass on this information to your employees, your friends and any college student who is looking for college loans.
